Journalists from across the nation gathered tonight at Capitale for the 2014 Gerald Loeb Awards banquet. The Gerald Loeb Awards are among the highest honors in journalism, recognizing the work of journalists whose contributions illuminate the world of business, finance and the economy for readers and viewers worldwide.

Judy D. Olian, dean of UCLA Anderson School of Management and chairman of the G. and R. Loeb Foundation, welcomed Loeb Awards honorees and their guests. Mandy Drury, co-anchor of CNBC's “Street Signs,” served as master of ceremonies.

The Gerald Loeb Awards featured two special awards for career contributions: the Lifetime Achievement Award, which was presented to James Flanigan, former business journalist at the Los Angeles Times, and the Lawrence Minard Editor Award, which went to John Brecher, executive editor for enterprise at Bloomberg News. In addition, winners of 14 competition categories were announced at the banquet. The following is a list of the 2014 Loeb Award recipients.

Beat Reporting Winner

“Duke Energy and Nuclear Power in Florida,” by Ivan Penn, Tampa Bay Times

Breaking News Winner

“Bangladesh,” by Jim Yardley, Julfikar Ali Manik, and Steven Greenhouse, The New York Times

Commentary Winner

“Commentary by Peter Goodman,” by Peter Goodman, The Huffington Post

Explanatory Winner

“Assets of the Ayatollah,” by Steve Stecklow, Babak Dehghanpisheh, and Yeganeh Torbati, Reuters

The board of trustees of the G. and R. Loeb Foundation and UCLA Anderson wish to thank all those who contributed to the success of the 2014 Loeb Awards. Platinum Sponsors: Bloomberg, The New York Times, Reuters;Silver Sponsors: ABC News, CNN Money, Forbes, International Business Times, Los Angeles Times, USA Today, The Wall Street Journal; Bronze Sponsors: CNBC and Fortune. For more information about the Loeb Awards, please visit the Loeb Awards website at http://www.loeb.anderson.ucla.edu.